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Ashu (s)     26 September 2013

Loan agreement

Hi, My sister had taken money from some investors in order to invest the same in shares and give them good returns.

Due to the share market collapse and lack of returns she was unable to give returns.The investors had forced her to sign an agreeement under duress wherein they made it look like a loan agreement on stamp paper  wherein the investment amount plus the returns she had promised was shown as the loan amount.

Please advise if such an agreement is valid and what can we do against it



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 2 Replies

adv.raghavan (Advocate,9444674980)     26 September 2013

u did not tell us when the agreement was signed. the so called agreement is valid for 3 years,from the date of signing. Maintainability of agreement will be decided by the court.

Ashu (s)     26 September 2013

It was signed by her in June. Is an agreement signed under duress valid?


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